Ethereum soars to 3200! Is the altcoin season coming back? Don't get excited, I'll explain the truth!
Brothers, this wave of ETH today really made a comeback.
Just reached 3200, and the clowns in the square are still saying "the bull market is back, brothers, rush in quickly," but in less than half an hour it was pushed back to around 3180.
Is it a "reverse pick-up," or a "cheese trap"?
Don't rush, Bai Ge will clarify for you.
1. News: This time it's not a fake ghost story, ETH really has reasons to soar.
The Fusaka upgrade is finally on-chain, no longer shouting air logic, but has solid evidence:
• Block Gas limit raised to 60 million
• Layer2 transaction fees directly cut by 40%-60%
• Throughput enhanced, performance improved, applications cheaper
What does this mean?
Ethereum is equivalent to
"highway expansion + toll discount."
Long-term benefits go without saying, the on-chain ecosystem will be hotter, funds will be more active, and the intrinsic value of ETH will be repriced.
If this level of upgrade doesn't lead to a surge, then the altcoin season should indeed close down.
2. So why did it rise to 3200 and then crash back?
Because this surge was not a trend breakthrough, but an event-driven rise.
Event-driven has a common characteristic:
The faster it rises, the more volume shrinks, the more violent the pullback.
Today's problem with ETH is:
The price surged too fast, and the trading volume couldn't keep up.
A typical "emotions ran ahead, funds weren't ready."
3. Is the altcoin season back?
Let me tell you:
It's still a wait-and-see situation, not officially started yet, but the entrance lights are already on.
The altcoin season will show three signals:
1. ETH continuously holds key support (currently, 3150 is crucial)
2. ETH/BTC ratio strengthens (it's already starting to rise)
3. Large-cap altcoins start first, small coins will explode later (we're already seeing signs)
If ETH can hold 3150 without breaking, and successfully attempts a second surge to 3200,
The altcoin season is likely to return slowly and progressively, rather than taking off at the push of a button.
4. What should you do now?
• Don't chase the highs
• Don't panic
• Wait for ETH to confirm the breakout
• Altcoins wait for ETH to stabilize before getting on board
In a nutshell:
ETH is the engine, before it heats up, the altcoin fleet won't run at full speed.
Brothers, don't be deceived by a single candlestick.
The real market trend is about structure, not emotions. $ETH
